We recently published 10 Stocks Quietly Climbing Toward 2026. eBay Inc. (NASDAQ:EBAY) is one of the best performers on Monday. Shares of eBay surged to a fourth straight day on Monday, adding 2.97 percent to close at $87.74 apiece, as investors placed bets on strong growth in the retail sector amid an expected spike in consumer spending during the holiday season. eBay Inc. (NASDAQ:EBAY) rallied alongside its internet retail counterparts, namely Etsy Inc., Global-E Online Ltd., Chewy Inc., Coupang Inc., ...

US stocks were little changed Friday, with traders on watch for more records as they return from the Christmas holiday for a single session ahead of the weekend. The Dow Jones Industrial Average (^DJI), the S&P 500 (^GSPC), and the tech-heavy Nasdaq Composite (^IXIC) all hovered near the flatline in thin post-Christmas trading. Meanwhile, precious metals continued a torrid rally, with gold (GC=F) and silver (SI=F) futures rising to fresh records amid fresh geopolitical tensions and continued weakness in ...

Core Insights - eBay Inc. is valued at a market cap of $37.3 billion, positioning it as a significant player in the global e-commerce marketplace [1] - The company operates primarily as a marketplace facilitator, generating revenue through transaction fees, advertising services, and payment-related activities, and serves users in over 190 markets [2] Market Performance - eBay's stock is currently trading 17.1% below its 52-week high of $101.15 and has fallen 9.9% over the past three months, underperforming the First Trust Dow Jones Internet Index Fund's 3.4% gains [3] - Over the past year, eBay's stock has increased by 31.8%, significantly outperforming the FDN's 6.7% gain, and is up 35.4% year-to-date, compared to FDN's 12.1% increase [4] Technical Analysis - The stock has maintained its position above the 200-day moving average for most of the year, indicating long-term strength, but has slipped below the 50-day moving average since late October, suggesting short-term uncertainty [4] Recent Developments - On November 13, eBay shares fell 2.9% as investors shifted away from technology stocks amid broader market weakness and profit-taking, part of a trend of cautious investment behavior [5] - eBay has outperformed its rival MercadoLibre, Inc., which gained 7.3% over the past 52 weeks and 22.8% year-to-date [5] Analyst Ratings - The stock has a consensus rating of "Moderate Buy" from 34 analysts, with a mean price target of $95.31, indicating a potential upside of 13.7% from current market prices [6]

DoorDash, Inc. (DASH), headquartered in San Francisco, California, operates a commerce platform that connects merchants, consumers, and independent contractors. Valued at $97 billion by market cap, the company develops technology to connect customers with merchants through an on-demand food delivery application. Companies worth $10 billion or more are generally described as “large-cap stocks,” and DASH perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influen ...

Core Insights - The S&P 500 has demonstrated a long-term wealth generation capability, with a 10.6% annualized return over the last century and a 14.6% return over the past decade [1] Group 1: Economic Trends - Concerns about an AI bubble and previous fears regarding tariffs have been prevalent, but these should not deter investment strategies [2][3] - Young Americans are experiencing significant wealth growth, with those under 35 seeing a 142% increase in wealth [4] - The Survey of Consumer Finances indicates that younger generations are economically better off than their predecessors at the same age [5][12] Group 2: Income Growth - Work income for individuals aged 25 to 34 rose by 9% year-over-year in 2023, indicating a positive trend in earnings [14] - The overall trend shows that young people's incomes and wealth are growing rapidly, supporting the sustained performance of the stock market [16] Group 3: Investment Opportunities - The Adams Diversified Equity Fund (ADX) is positioned to benefit from the rising wealth of younger Americans, with a portfolio heavily weighted in technology and consumer sectors [17][18] - ADX has outperformed the S&P 500 since its addition to the CEF Insider portfolio in 2017, while providing consistent dividends [19][22] - A complete package of five closed-end funds (CEFs) yielding an average of 9% is being proposed, with expectations of over 20% upside in the next 12 months [25]

Group 1: Nike Inc (NKE) - Bryn Talkington, managing partner of Requisite Capital Management, selected Nike as her final trade, supported by Wells Fargo analyst Ike Boruchow's upgrade from Equal-Weight to Overweight and a price target increase from $60 to $75 [1] - Nike shares increased by 1.8% to close at $65.39 on Monday [7] Group 2: Amazon.com Inc (AMZN) - Jason Snipe, founder and chief investment officer of Odyssey Capital Advisors, named Amazon as his final trade, with Oppenheimer analyst Jason Helfstein maintaining an Outperform rating and raising the price target from $290 to $305 [2] - Amazon shares gained 0.3% to settle at $233.88 during the session [7] Group 3: Delta Air Lines Inc (DAL) - Jim Lebenthal, partner at Cerity Partners, picked Delta Air Lines, which reported better-than-expected adjusted EPS and revenue for Q3, with operating revenue of $16.7 billion, a 6% year-over-year increase [2][3] - Delta Air Lines shares gained 0.1% to settle at $64.15 on Monday [7] Group 4: Apple Inc (AAPL) - Joseph M. Terranova, senior managing director for Virtus Investment Partners, highlighted Apple as a quality name with remarkable resilience, following a significant leadership transition in its artificial intelligence group [4] - John Giannandrea, senior vice president overseeing Machine Learning and AI Strategy, is set to retire in 2026 and will transition to an advisory role [5] - Apple shares rose by 1.5% to close at $283.10 during the session [7]

Core Insights - Coupang, a leading South Korean e-commerce company, reported that personal information from 33.7 million customer accounts was compromised due to unauthorized data access [1] Company Summary - Coupang has a significant customer base, with 33.7 million accounts affected by the data breach [1]

Core Insights - Amazon.com, Inc. is the world's largest online retailer with a market cap of $2.4 trillion, offering a wide range of products and services including retail sales, advertising, and cloud services [1][2] Company Overview - Amazon operates both online and physical stores, providing personalized shopping services and direct shipping to customers [1] - The company is categorized as a "mega-cap stock" due to its market cap exceeding $200 billion, reflecting its significant influence in the internet retail industry [2] Market Performance - Amazon's stock has decreased by 12.5% from its 52-week high of $258.60, which was reached on November 3 [3] - Over the past three months, AMZN stock declined by 1.1%, underperforming the Nasdaq Composite's 6.2% gains [3] - Year-to-date, Amazon shares have risen by 3.1% and increased by 14.8% over the past 52 weeks, but still lag behind the Nasdaq's YTD gains of 18.4% and a 20% increase over the last year [4] Technical Analysis - Amazon has been trading above its 200-day moving average since mid-May, although it has recently traded below its 50-day moving average [4] Investment Concerns - Analysts express concerns regarding the returns on AI investments and the growth of Amazon Web Services (AWS), citing "dilutive returns" from AI spending and limited upside potential [5] - Heavy capital expenditures on AI and infrastructure have put pressure on the stock [5] Recent Financial Results - In Q3, Amazon reported earnings per share (EPS) of $1.95, exceeding Wall Street's expectations of $1.58, with revenue of $180.2 billion, surpassing the forecast of $177.9 billion [6] - For Q4, Amazon anticipates revenue between $206 billion and $213 billion [6]

Summary of Amazon.com (AMZN US) Conference Call Company Overview - **Company**: Amazon.com (AMZN US) - **Industry**: Internet & Catalog Retail - **Market Cap**: USD 2,730,388 million [5][14] Key Points AWS and OpenAI Partnership - **Deal Announcement**: AWS has signed a 7-year agreement worth USD 38 billion with OpenAI to provide cloud capacity, enhancing AWS's compute capabilities [2][10] - **Implementation Timeline**: OpenAI will start utilizing AWS services immediately, with full capacity expected by the end of 2026, and potential expansion in 2027 [2][10] - **Capacity Growth**: AWS has increased its capacity by 3.8 GW over the past year, with plans to add another 1 GW in Q4. This represents a doubling of capacity over the last three years, with expectations to double again by FY27 [2][10] Competitive Landscape - **Comparison with Other Agreements**: The deal with OpenAI is significant compared to OpenAI's agreements with Microsoft (USD 250 billion), Oracle (USD 300 billion), and Alphabet [3][10] Financial Projections - **Target Price Increase**: The target price for Amazon has been raised to USD 300 from USD 285, reflecting a 5% increase due to higher expectations for AWS [4][20] - **Earnings Impact**: The agreement is expected to add approximately 3.5% to AWS's FY26/27 revenue, leading to a 2% increase in group GAAP EBIT and EPS forecasts [4][10] - **Current Share Price**: As of November 3, 2025, the share price is USD 255.41, indicating a potential upside of 17.5% [5][20] Financial Metrics - **Earnings Per Share (EPS)**: Projected EPS for FY26 is USD 8.58, with a growth rate of 21.7% [6][12] - **Valuation Ratios**: - PE Ratio: 36.2 for FY25 - EV/EBITDA: 18.7 for FY25 [6][13] Risks and Considerations - **Downside Risks**: 1. Macro and tariff-induced weaknesses 2. Slower-than-expected growth recovery 3. Regulatory risks 4. High costs associated with growth strategies, including M&A 5. Limited valuation support [20][21] Conclusion - **Investment Rating**: The company maintains a Buy rating, supported by strong growth potential in AWS and other business segments, alongside a favorable position in the developing cloud and AI markets [20][21]

Summary of Amazon.com Inc. (AMZN) Q3'25 Earnings Call Company Overview - **Company**: Amazon.com Inc. (AMZN) - **Market Cap**: $2.4 trillion - **Current Price**: $222.86 - **12-Month Price Target**: $290.00 (Upside: 30.1%) [1][3][27] Key Themes and Insights 1. **AWS and AI Positioning**: - Amazon outlined its strategic positioning in AI and non-AI segments within AWS, highlighting better-than-expected topline growth and operating margins [1][18] - AWS revenue increased by 60% from 2022 to 2025, with expectations of a 45% increase from 2025 to 2027 as capacity is expected to double [1][18] 2. **E-commerce Performance**: - Solid trends in eCommerce with a focus on perishable offerings and improved delivery speeds, maintaining a strong core operating margin trajectory [1][18] - Q3 consolidated revenue reached $180.2 billion, a 13% year-over-year increase, driven by North America, International, Advertising, and Third-Party Seller Services [18][22] 3. **Advertising Growth**: - Advertising trends exceeded expectations, with scaling of Prime Video and Ad Tech identified as key growth drivers [1][18] - Management noted strong performance in advertising around live sports on Prime Video, exceeding upfront commitments [18] 4. **Investment Strategy**: - The company remains in investment mode across AI, Cloud, and infrastructure, preparing for the upcoming holiday period and beyond [1][18] - Capacity has doubled since 2022, with plans to double again by 2027 [1][18] 5. **Financial Performance**: - Operating income for Q3 was $17.4 billion, impacted by special charges totaling $4.3 billion related to a FTC legal settlement and severance costs [19][22] - Adjusted estimates for Q4'25 include revenue of $212.3 billion and GAAP EPS of $1.86 [20][23] Financial Metrics - **Revenue Estimates**: - 2024: $637.96 billion - 2025: $715.83 billion - 2026: $802.33 billion - 2027: $895.86 billion [3][20] - **EBITDA and EPS**: - 2025 EBITDA: $144.39 billion - 2025 GAAP EPS: $7.08 [3][20] - **Operating Margins**: - Q3 operating margin was 9.7%, down from estimates due to special charges [22] Risks and Considerations 1. **Consumer Environment Scrutiny**: - Short-term investor focus may shift towards the consumer environment and any changes in behavior in upcoming quarters [2] 2. **Capital Expenditure Guidance**: - Management guided FY25 capex to $125 billion, with expectations for further increases in 2026 [19] 3. **AWS Margin Fluctuations**: - Potential fluctuations in AWS margins due to depreciation related to technology infrastructure [19] Conclusion - Amazon is well-positioned for future growth with a strong mix of revenue growth and operating margin expansion, particularly in eCommerce and AWS. The company continues to invest heavily in AI and infrastructure, setting the stage for long-term performance despite short-term challenges related to consumer behavior and operational costs [17][27]